1. Business Entity Selection
Choosing the right business structure such as proprietorship, partnership, LLP, or private limited company is crucial for smooth operations and future growth.
2. Legal Registrations
Timely registration under relevant acts like the Companies Act, Partnership Act, or LLP Act ensures your business is recognized legally and gains credibility.
3. Tax Registrations
Businesses may require PAN, TAN, GST, and other tax registrations to operate legally and meet compliance standards from day one.
4. Licensing and Permits
Depending on your business type, you may need specific licenses like FSSAI, IEC (Import Export Code), or professional tax registrations etc.
5. Documentation and Compliance
/p>Proper documentation during formation ensures faster approvals and easier management of future statutory compliance requirements viz ROC, Income Tax, GST, Service Tax etc.
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